In today’s fast-paced and data-driven world, businesses need more than gut instinct to make impactful decisions. Success stems from having the right insights, and Neat Data is here to empower procurement teams with the tools they need to thrive. Our suite of pre-built procurement dashboards delivers actionable analytics, enabling you to optimize purchasing, control costs, and strengthen supplier relationships.
Our data engineers integrate these dashboards with your ERP or accounting platform to ensure the analytics are updated automatically.
Let’s take a look at what these dashboards can do for your business.
Neat Data Procurement Dashboards
1. Procurement Overview
The Procurement Overview Dashboard provides a bird’s-eye view of your key purchase order details. It helps teams quickly identify trends, monitor performance, and understand variance metrics at a glance. With clear data visualizations like purchase order trends, actual versus expected invoicing, and product category breakdowns, this dashboard enables procurement leaders to monitor overall health and performance in real time.
2. Amount Purchased
The Amount Purchased Dashboard delivers insights into how much you’ve bought and spent over time. With breakdowns by vendor, product category, and location, you can track spending patterns and plan future purchases more effectively. Analyze trends to identify where your largest expenditures lie and adjust procurement strategies to meet financial goals.
3. Cost per Unit
Understanding unit costs is essential for managing your bottom line. The Cost per Unit Dashboard allows you to check the cost of each unit purchased, compare pricing across suppliers, and keep spending under control. With historical trend analysis and vendor-specific comparisons, this dashboard gives you the data needed to negotiate better pricing and make smarter buying decisions.
4. Open Purchase Orders
Staying on top of pending orders is critical to avoid delays and shortages. The Open Purchase Orders Dashboard provides a clear view of outstanding purchase orders, including details like quantities, dollar values, and PO cycle times. This dashboard ensures your team remains proactive, mitigating potential bottlenecks before they happen.
5. Purchase Price Variance
Uncover opportunities for cost savings with the Purchase Price Variance Dashboard. This tool highlights differences between expected and actual costs, helping you pinpoint areas for negotiation or improvement. By identifying vendors or product categories with the highest variance, you can take targeted actions to improve procurement efficiency and reduce unnecessary spending.
6. Vendor Analysis
Strengthening supplier relationships starts with understanding performance. The Vendor Analysis Dashboard allows you to see which suppliers perform best and where your money goes. Compare metrics such as invoiced amounts, units purchased, and average cycle times to identify opportunities to consolidate vendors or improve collaboration.
7. Home Dashboard
The Home Dashboard serves as your gateway to procurement analytics, offering quick navigation to all other dashboards. It provides a high-level overview of the entire procurement process and serves as a launchpad for diving deeper into specific metrics.
Why Choose Neat Data’s Procurement Dashboards?
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Pre-built for Procurement Teams: Skip the time-consuming process of building reports from scratch. Our dashboards are ready to use, with intuitive layouts and relevant metrics for procurement professionals.
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Actionable Insights: Empower your team to make data-driven decisions with clear, concise visualizations.
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Customizable Filters: Tailor your view by vendor, product category, and more to focus on the data that matters most.
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Improved Efficiency: Reduce manual tracking and reporting with automated updates and real-time data visibility.
With Neat Data’s comprehensive set of procurement dashboards, you’ll have the tools you need to track spending, improve efficiency, and drive measurable business success. Ready to transform your procurement process? Let’s take the next step together.